Last deal

$3.17M
Local Amount - GBP 5M

Amount

Venture - Series Unknown

Stage

07.11.2008

Date

2

all rounds

$26.85M

Total amount

date founded

Financing round

General

About Company
Pelamis Wave Power manufactures a groundbreaking system that harnesses ocean waves to generate renewable electricity.

Industry

Sector :

Subsector :

Also Known As

Ocean Power Delivery Ltd

founded date

01.01.1998

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

The company's innovative Wave Energy Converter is a result of extensive engineering development, making it the world's first commercial-scale machine to generate grid electricity from offshore wave energy. With its unique semi-submerged and articulated structure, composed of cylindrical sections connected by hinged joints, Pelamis Wave Power assists project developers and electricity generators in the development, construction, and operation of wave power projects. Their technology has been successfully utilized in commercial wave farm projects, marking a significant milestone in the renewable energy industry.
Contacts

Contact Email

Phone number

Social url

Legal Names

Legal name

Pelamis Wave Power Ltd.
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M&A Details
1

Acquired by

Wave Energy Scotland

announced date

16.01.2015

Financials

Funding Rounds
2
2

Number of Funding Rounds

$26.85M

Money Raised

Their latest funding was raised on 07.11.2008. Their latest investor New Energies Invest. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
07.11.2008
4
$3.17M
Local Amount - GBP 5M
27.06.2006
2
$23.68M
Local Amount - GBP 13M
Co-Investors
Investors
6
0

Number of lead investors

6

Number of investors

Investor 
Lead 
Round 
Partners 
No
Venture - Series Unknown
No
Venture - Series Unknown
No
Venture - Series Unknown
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People

Employee Profiles
5
Richard Yemm

Richard Yemm

Chief Executive Officer

Ross Henderson

Ross Henderson

Technology Director

Derrik Robb

Derrik Robb

Operations Director

Charles Vaslet

Charles Vaslet

Non-Executive Director

Activity

Recent News
0